The GIFT Nifty experienced a notable increase of over 300 points late Friday, influenced by a sharp decline in global crude oil prices. This surge is attributed to easing geopolitical tensions in West Asia, particularly between the US and Iran, and a temporary ceasefire between Israel and Lebanon, which alleviated fears of supply disruptions in critical oil shipping routes. The decline in oil prices is expected to ease inflationary pressures and enhance fiscal stability in India. As a result, Indian markets are poised for a positive opening on Monday, with the Nifty likely to exceed 24,300 points. Analysts suggest that the immediate resistance level is around 24,410, and a sustained move above this could lead to further gains towards 24,700. Momentum indicators remain favorable, with the Relative Strength Index (RSI) above 55, indicating underlying strength in the market. Investors are advised to adopt a buy-on-dips strategy, with support identified around 24,000. The ongoing monitoring of crude oil prices will be crucial for future market movements, particularly for sectors sensitive to input costs such as aviation and consumption.